Dover (NYSE:DOV) Given New $279.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised its price target on Dover to $279 (from $255) and maintained an "outperform" rating, implying roughly a 22.1% upside.
• Dover reported Q results with EPS of $2.28 (beating estimates by $0.01) and revenue of $2.05B (below estimates but up 10.1% YoY), and set FY2026 guidance of 10.45–10.65 EPS (sell-side ~10.54).
• Overall analyst sentiment is constructive—nine Buy vs. five Hold—with a MarketBeat consensus of "Moderate Buy" and an average target of $233.08, compared with the recent share price near $228.50.

Dover (NYSE:DOV - Get Free Report) had its price target hoisted by stock analysts at Robert W. Baird from $255.00 to $279.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price objective points to a potential upside of 22.10% from the company's previous close.

A number of other brokerages have also weighed in on DOV. JPMorgan Chase & Co. lifted their price target on shares of Dover from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Oppenheimer lifted their price target on shares of Dover from $232.00 to $242.00 and gave the company an "outperform" rating in a report on Monday. Citigroup lifted their price target on shares of Dover from $231.00 to $253.00 and gave the company a "buy" rating in a report on Monday, April 13th. Weiss Ratings upgraded shares of Dover from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 6th. Finally, Barclays set a $230.00 price target on shares of Dover in a report on Friday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.08.

Dover Stock Up 5.7%

Shares of NYSE DOV opened at $228.50 on Friday. Dover has a 1 year low of $158.14 and a 1 year high of $237.54. The firm's 50 day moving average price is $216.98 and its 200 day moving average price is $200.51. The firm has a market cap of $30.80 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned $2.05 earnings per share. Dover's revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, sell-side analysts anticipate that Dover will post 10.54 earnings per share for the current year.

Insider Buying and Selling at Dover

In other Dover news, VP Girish Juneja sold 1,500 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president directly owned 8,422 shares of the company's stock, valued at $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares in the company, valued at $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,497 shares of company stock valued at $19,196,277 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOV. Brighton Jones LLC increased its stake in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after buying an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company's stock worth $2,526,000 after buying an additional 676 shares during the period. Empowered Funds LLC increased its stake in Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company's stock worth $2,636,000 after buying an additional 1,580 shares during the period. Sivia Capital Partners LLC purchased a new stake in Dover during the 2nd quarter worth $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Dover during the 2nd quarter worth $1,030,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover's activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.